Wall Street hits fresh highs on talk of trade deal signing
Wall Street hits fresh highs on talk of trade deal signing
US: Wall St edges higher after jobless data; market shrugs off impeachment
23 December, 2019, 00:40
The major US stock indexes have climbed to record highs as investors welcomed the news that Washington and Beijing had taken steps to cool their trade conflict. In fact, Canadian markets will be more open to USA dairy products and poultry under the treaty.
USA stocks were set to open almost unchanged from record highs on Friday as investors stayed optimistic that Washington and Beijing would sign a long-awaited trade treaty early in the new year.
Meanwhile, the technology-focused Nasdaq Composite Index gained 0.7% to finish at 8,887.22.
Mnuchin's comments come just a week after the USA and China reached an agreement in the phase one deal, which included tariff relief, increased agricultural purchases and certain structural changes to intellectual property and technology issues.
All 11 of the main S&P 500 industry groups increased for the week, led by a 2.7 percent gain in utilities. The Shanghai Composite index shed 0.2% to 3,012.02.
US stock indexes pushed higher again on Friday, and the S&P 500 was on track to close out its 10th winning week in the last 11.
The Russell 2000 picked up 33.93 points, or 2.1%. Shares fell in Taiwan and most of Southeast Asia.
A crucial reason behind this approval is the treaty's vast opportunity for USA farmers, manufacturers, workers and consumers, since it opens Canadian and Mexican markets for US -manufactured products.
"You're seeing the geopolitical risk that was in the market seep out now", said Brent Schutte, a chief investment strategist for Northwestern Mutual Wealth Management. Several companies were climbing in the early going Friday after reporting quarterly results that came in head of analysts' forecasts. That's mostly because they see it as extremely unlikely that he or his market-friendly policies will leave office before the end of his term.
Stocks ended at record highs again Friday to cap a week of solid gains as geopolitical risks abate toward the end of a blockbuster 2019.
A gauge measuring how anxious traders are about upcoming swings for the S&P 500 rose only 0.6%.
Still to come, Kansas City Federal Reserve manufacturing activity figures for December will be published at 1600 GMT. The pace of sales of previously occupied homes also weakened last month, as more Americans get priced out of the rising housing market.
COMMODITIES: Benchmark U.S. crude oil fell 74 cents to $60.44 per barrel. Brent crude, the global standard, fell 46 cents to $66.08 per barrel.
The dollar rose to 109.60 Japanese yen from 109.49 yen on Tuesday. The euro was unchanged, at $1.1121.
He testified against Aljermiah "Nuke" Mack and Anthony "Harv" Ellison , along with a third man identified as "Sha". This would see Tekashi 6ix9ine become an infamous federal informant and a public laughing stock.
Still, several Democrats who represent districts that backed Trump in 2016 have said in recent days they will vote to impeach him. President Donald Trump was charged with two articles of impeachment-abuse of power and obstruction of Congress .
Protesters had returned despite a fierce crackdown by security forces the night before when clashes also injured dozens. They demand a new government of independent experts that will swiftly implement key economic reforms.
The league announced the suspension Monday, one day after Gordon appeared in his fifth game this season with the Seahawks . Gordon played six games with the Patriots this year, catching 20 passes for 287 yards and a touchdown.
The National Weather Service issued a High Wind Warning for gusts ranging from 50 to 80 miles per hour through 10 p.m. The southwestern NY region is expected to see between 8 to 12 inches in some areas, according to Cuomo's office.
In the Asia-Pacific region, revenue over the past two years grew 153%, to $382 million at the end of the third quarter of 2019. According to the statistics shared by the platform, it has 67.1 million pay subscribers in the United States and Canada.
Afghan militias are under the command of the country's National Security Forces, which suffer near daily Taliban attacks. He also added "We're taking a brief pause for them to consult their leadership on this essential topic".
Images broadcast by NASA showed the spacecraft touching down safely in the dark after a descent slowed by three large parachutes. Boeing's Senior Vice President Jim Chilton told Space.com, "We ended up in a place in space we didn't expect to be".
Samsung's new Galaxy A51 sports 6.5-inch Super AMOLED panel with a (1080 x 2400 pixels) resolution and a 20:9 aspect ratio. The exact camera specifications have been up in the air, but a new rumor suggests the telephoto cameras will pack a punch.
He did manage to strike out more than a batter per inning, but his 3.8 BB/9 rate was his highest since 4.1 inning sting in 2011. Despite the injuries this past season, there is no questioning Kluber's status as one of the elite pitchers of this generation.
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Cowboys' Ezekiel Elliott: Dak Prescott Has AC Joint Injury
Jared Goff is the Rams' quarterback and he's been awful this year, regressing to the point where the Rams' future is in jeopardy. Cowboys linebacker Sean Lee intercepted Goff on the Rams' next drive, giving Dallas the ball at the Los Angeles 9-yard line.
Impeachment Backfire: House Democrat To Become a Republican
Trump, who along with GOP lawmakers calls the impeachment inquiry a political sham, tweeted Friday that he'd done "NOTHING wrong". During Wednesday night's markup hearing, each member of the Judiciary Committee gave opening statements on the articles.
Boris Johnson declares win, vows Brexit on Jan 31
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Oil Hits Three-Month High On Trade Deal Optimism
Trump tweeted in a markedly optimistic tone, although it was unclear if he would officially confirm the agreement on Thursday. But Republicans praised President Trump for persistence in holding Beijing accountable on trade.